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Mortgage Market Update
My Mortgage Company
Kaleb Melville — Kaleb Melville
Thursday, August 20, 2026
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Should you refinance? Here's what matters most |
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I work with homeowners at all stages of their mortgage journey, and one question comes up more often than you'd think.
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National Mortgage Rates · August 13, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Refinancing Basics
When refinancing actually makes sense
Refinancing isn't right for everyone, and it's not always about chasing a lower rate. I talk to homeowners all the time who wonder if now is the moment to refinance, and the answer depends on your specific situation—how long you plan to stay in your home, what you owe versus what it's worth, and what your goals really are. Some people refinance to shorten their loan term, others to tap equity for a major project, and some to simplify their finances. The key is understanding the real costs and benefits before you move forward. If you've been thinking about it, I'd love to walk through the numbers with you and show you what makes sense for your circumstances. Let's talk about whether refinancing fits your plan right now.
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Tip of the Week
If your credit score is below 740, even small improvements before applying for a mortgage can save you thousands over the life of the loan.
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Tips for Homeowners
Weatherproofing Your Home Before Winter
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1.
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Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
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2.
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Check attic insulation and ventilation before winter. Inadequate insulation leads to heat loss, higher energy bills, and ice dams on the roof that can cause significant damage.
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3.
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Inspect weatherstripping on all exterior doors. A simple dollar-bill test works: close the door on a bill — if you can pull it out easily, your weatherstripping needs replacing.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Kaleb Melville — Kaleb Melville
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